INSTITUTE OF APPLIED MATHEMATICS
Last Updated:
28/08/2017 - 21:10

IAM783 - Special Topics: Life Insurance: Products, Finance and Modeling

Credit: 3(3-0); ECTS: 8.0
Instructor(s): Consent of IAM
Prerequisites: Consent of Instructor(s)

Course Catalogue Description

Short review of basic concepts, terminology, definitions in life insurance and the types of life insurance. Product development, pricing strategy, preliminary and final product design, product implementation and management, pricing assumptions and life insurance cash flows, reserves, reinsurance, investment income, profit measurement, financial modeling, asset/liability modeling, and matching, stochastic modeling and financial management.

Course Objectives

Course Learning Outcomes

Tentative (Weekly) Outline

Short review of basic concepts, terminology, definitions in life insurance and the types of life insurance. Product development, pricing strategy, preliminary and final product design, product implementation and management, pricing assumptions and life insurance cash flows, reserves, reinsurance, investment income, profit measurement, financial modeling, asset/liability modeling, and matching, stochastic modeling and financial management.

More Info on METU Catalogue

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